The graph shown demonstrates a tax on sellers. How many fewer units are being sold due to the imposition of a tax on this market?
A. 37
B. 31
C. 15
D. 16
Answer: D
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Banks
A) provide a channel for linking those who want to save with those who want to invest. B) produce nothing of value and are therefore a drain on society's resources. C) are the only financial institutions allowed to give loans. D) hold very little of the average American's wealth.
The circular flow diagram depicts the economy consisting of:
a. the government and households. b. households and international companies. c. households and firms. d. firms and the government.
If indicators like weak demand and falling commodity prices caused concern about deflation (falling prices), what could the Fed do to head off the deflationary threat?
a. increase the reserve requirements imposed on banks b. buy bonds in order to expand the money supply c. increase the discount rate d. increase the national debt
Fluctuations in economic performance is one of the two basic issues of macroeconomics. The other is:
A. tracking unemployment. B. keeping interest rates in check. C. long-run economic growth. D. monitoring inflation rates.